In News The Reserve Bank of India (RBI) conducted a $ 5 billion dollar-rupee swap auction as part of its liquidity management initiative. About Dollar–Rupee Swap: It’s a forex tool whereby the central bank uses its currency to buy another currency or vice versa. In a Dollar–Rupee buy/sell swap, the central bank buys dollars (US […]
In News Recently, the Ministry of Finance stated that the Equalisation levy imposed by India on supply of services by multinational enterprises is a ‘sovereign right’. What is an Equalisation Levy? It was first introduced by the Finance Act, 2016, at the rate of 6 per cent on payments for digital advertising services received by […]
In News The Ministry of Ministry of Micro, Small & Medium Enterprises launched two special initiatives – ‘Sambhav’ and ‘Swavlamban’ About ‘Sambhav’ and ‘Swavlamban’ Initiatives Sambhav: It is National Level Awareness Program (NLAP) and is being launched in Webinar Mode in 1300 colleges across the country through its field offices. During the campaign the college […]
In News Degradation and loss of coral reefs can affect about 4.5 million people in southeast Asia and the Indian Ocean, according to the Intergovernmental Panel on Climate Change (IPCC)’s Sixth Assessment Report on Impacts, Adaptation and Vulnerability. Major Highlights of the Report The report talks about the effects of global warming and anthropogenic activities […]
In News Recently, two Indian researchers working at the Massachusetts Institute of Technology (MIT), have built a low-energy security chip. About It is designed to prevent side-channel attacks (SCAs) on IoT (Internet of Things) devices. Side Channel Attacks (SCAs) About: SCAs take advantage of security exploits where information can be gathered from the indirect effects […]
In News Recently, EU Member States made the unprecedented decision to activate the European Union’s Council Directive 2001, known as the Temporary Protection Directive (TPD). Temporary Protection Directive Origin and History: The Temporary Protection Directive was created in 2001 following conflicts during the 1990s in the Balkans to manage a ‘mass influx of displaced persons’. […]
In News Recently, India, Bangladesh and Nepal finalised an enabling memorandum of understanding (MoU) for implementing the long-gestating Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA) Bhutan participated in the meeting as an observer. The MoU was finalised “pending ratification of the MVA by Bhutan” Image Courtesy :ET Major highlights The meeting discussed the protocols to operationalize […]
In News With oil imports from Russia banned by the US and being phased out by the UK, crude prices are set to rise, particularly in the US and Europe and also the prices of Edible oil are going to rise creating a problem for India. Data on Global oil market There are three large […]
Indian Express Subject Pg No Headlines Relevance for Prelims and Mains GS 3 1& 11 Markets and rupee crash as crude sizzles at $139 Oil and Stagflation (Economy) What Causes Oil Prices to Fluctuate?Impact of crude oil price in India ,Will soaring oil prices cause ‘stagflation’ in India?What is Stagflation?How does one get into […]
The Hindu Subject Pg No Headlines Relevance for Prelims and Mains GS 3 1& 12 Rupee sinks to record low as oil prices spike Oil, nickel soar on fears of supply chaos (Economy) What are the factors behind the rise in oil prices?Their ramifications across the globe ,How the surge in crude oil prices […]
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